the people who issue these speeding tickets do apply fundamentals.
AYN was up 20%+ on a day where all other silver stocks droped on the back of silver falling overnight. Im sure the ASX also run filters and target stocks that are bucking the trend (agaisnt index's)
And YES the speeding ticket did serve its purpose as if you have a read it will mention the 'diggers & drillers' reconmentation. This is beleive is a standard measurment of keeping the market properly informed.
anyways, its a speeding ticket - who cares. AYN business fundamentals remain. I beleive the market is seriously under estimating this company's risk.
Think about it ....
silver price rises = AYN is more profitable silver price falls = AYN is more poritable than its competitors
I have a BUY reconmendation with a $0.17 short/medium term price target.
AYN Price at posting:
7.9¢ Sentiment: Buy Disclosure: Held